A long white candle printed following DJI rebounded more than 300 points had cushioned the market downside move and reversed its earlier losses. Market broke the resistance at 11580 and heading to challenge the next resistance at 11698. Support is pegged at 11210-11221 followed by 11128-11125.
Wednesday, August 6, 2008
DJI rose more than 300 points
A long white candle printed following DJI rebounded more than 300 points had cushioned the market downside move and reversed its earlier losses. Market broke the resistance at 11580 and heading to challenge the next resistance at 11698. Support is pegged at 11210-11221 followed by 11128-11125.
